Christmas Club
A seasonal savings account with interest based on the minimum monthly balance, paid annually on 1 November.
On this page
Details
| Field | Value |
|---|---|
| Base | 1.20% |
| Ongoing | 1.20% |
| Ongoing cap | No cap |
| Intro | - |
| Intro cap | - |
| Intro period | - |
| Dep/mth | - |
| Dep $/mth | - |
| Growth/mth | - |
| Buys/mth | - |
| Txns/mth | - |
| W/d/mth | - |
| Min age | - |
| Max age | - |
| Fee/mth | $0 |
Source: noren.com.au
Interest rates & fees
| Type | Rate | Applies to | Balance |
|---|---|---|---|
| Standard variable | 1.20% | Whole balance | All balances |
Source: noren.com.au
Rate requirements
For Christmas Club.
- Interest is calculated on the minimum monthly balance and paid annually on 1 November.
- No monthly deposit-count, qualifying deposit-dollar, balance-growth, card-purchase or withdrawal-count interest test is established. No introductory offer or account holding maximum is established.
- The current 9 March 2026 fee schedule says personal accounts do not incur an account-keeping fee, consistent with the March 2026 summary. This supersedes older TMD references to a conditional $5 monthly membership fee. Joining, paper-statement, dormant-customer and transaction fees are separate, confirm applicable charges with the bank. Electronic statements are free and paper statements cost $2 each.
- The comparison assumes the selected amount is the minimum balance maintained during the month. Withdrawals can reduce that monthly minimum and the interest earned.
- Deposits and balance enquiries are available during the year. Withdrawals through branch, internet or app are normally allowed from 1 November through 31 December. Funds remaining after 31 December are restricted again until the following 1 November.
- Early release requires a written request and is at the bank’s discretion, the bank may require the account to be closed. The product page says an early-withdrawal penalty applies while the current summary marks no fixed penalty. No specific penalty amount is independently established, confirm any cost before requesting early access.
- No debit card, ATM, EFTPOS, direct-debit, BPAY or PayID/Osko withdrawal access is listed for this account. Seasonal access is not a monthly withdrawal-count interest qualification or a fixed rolling notice period.
Fees
| Fee | Amount | Details |
|---|---|---|
| Monthly account fee | $0 | Monthly account fee. |
Source: noren.com.au
Showing reviewed fees only, other charges may apply
Rate history
| Observed | Base | Ongoing | Intro |
|---|---|---|---|
| 31 Oct 2026 | 1.20% | 1.20% | - |
Source: noren.com.au
Eligibility
- Individual applicants must be Australian citizens or permanent residents, subject to Darling Downs Bank membership approval and identity checks. This comparison covers personal savings use, including where the provider also permits eligible business use.
- No universal numeric minimum or maximum account age is established in the reviewed product documents. Digital and app access age provisions are separate from the account-opening age. Confirm any joining or subscription costs with the bank.
Similar products
Tools & support
Things you should know
- Check withdrawal access, linked-account requirements and transaction timing with the provider.
- Introductory and ongoing offers may have different eligibility and balance limits.
Collected on 30 Oct 2026. Pricing verified on 29 Oct 2026.